USStock futures, Asian shares drop as Trump slaps new tariffs on China

USStock futures, Asian shares drop as Trump slaps new tariffs on China

Tuesday, September 18, 2018

US stock futures and Asian shares fell on Tuesday after US President Donald Trump said he will impose tariffs on an additional USD 200 billion worth of Chinese imports, in a sharp escalation of the trade conflict between the world’s two biggest economies.

MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.15 percent in early trade but Japan’s Nikkei bucked the trend to gain 0.4 percent.

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